Name: Commodities Rock as Banks Look Out Below
Uploaded: 2023-04-03T20:48:16+00:00
Duration: 29 min 36 s
Description: OPEC news over the weekend caused oil to soar into backwardation today on significant option activity. While oil was rocketing higher, gold and silver saw significant option flows as higher inflation

2 years ago

111

OPEC news over the weekend caused oil to soar into backwardation today on significant option activity. While oil was rocketing higher, gold and silver saw significant option flows as higher inflation brought banks back into the light. High oil prices may make the inflation monster more formidable and will box the Fed in even more. (OXY, XOM, MRO, XOP, XLE, USO, KGC, AGI, SLV, TIP. NYCB, CFR, C, SOUN, BBAI)...

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